General Instrument Corp.'98 (GIC) Message Board

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Technology Stocks : General Instrument Corp.'98 (GIC)

GIC 30.60

-2.5%

Jan 23 9:30 AM EST

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To: matt gray who wrote (35)	2/14/1998 4:26:00 PM
From: Yogi - Paul	Read Replies (2) of 615

matt, <<Does anyone know why the estimated earnings is .10 down from the previous quarter 1997? Did the company announce lower than expected earnings?>> Fourth quarter earnings expectations are based on this Oct 1997 news release. biz.yahoo.com An excerpt--". For the fourth quarter, EPS is now expected to be in the range of $0.09-$0.11, before any one-time restructuring charges. A one-time restructuring charge is expected to be taken in the fourth quarter in connection with the action plan. For 1998, EPS is now expected to be in the range of $0.45-$0.50 per share before the benefit of corrective actions versus consensus estimates of $0.75 per share." irthrifty

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